Pins matching tag:"Clay Magouyrk"

Oracle promoted cloud chief Clay Magouyrk and industries chief Mike Sicilia to joint chief executives, ending Safra Catz's 11 years as CEO; she became executive vice chair of the board.

Three new Oracle-built campuses in Shackelford County, Texas, Doña Ana County, New Mexico and the Midwest, plus two SoftBank sites, took Stargate to nearly 7 GW; OpenAI put its Oracle partnership above $300 billion over five years.

Oracle's renamed flagship conference (formerly CloudWorld), the first under co-CEOs Clay Magouyrk and Mike Sicilia, where Oracle unveiled OCI Zettascale10, a 50,000-GPU AMD supercluster and Oracle AI Database 26ai.

At its financial analyst meeting during Oracle AI World in Las Vegas, Oracle set fiscal 2030 targets of $225 billion of revenue and $21 of adjusted EPS, with cloud infrastructure revenue reaching $166 billion.

Oracle's backlog rose $68 billion to $523 billion on new commitments from Meta and NVIDIA, but revenue came in below forecasts and the shares fell 11% after hours; a $2.7 billion gain on selling its Ampere stake lifted earnings.

Oracle grew revenue 22% to $17.2 billion, its first quarter in over 15 years with organic revenue and adjusted EPS both up 20% or more, raised its fiscal 2027 revenue forecast to $90 billion, and the stock jumped 9% the next day.

Oracle named Schneider Electric finance chief Hilary Maxson its chief financial officer to fund and run the capital-hungry AI cloud build-out, taking over from principal financial officer Doug Kehring.

OpenAI, Oracle, Related Digital, Blackstone, Walbridge and Governor Gretchen Whitmer marked construction of The Barn in Saline Township, the largest investment in Michigan's history, and pledged $10 million to the Saline Recreation Center.

Oracle grew revenue 30% to $19.3 billion as cloud infrastructure revenue more than doubled, lifted its backlog to $664 billion with $30 billion of new AI contracts, and said it had sold all $20 billion of its at-the-market stock.

Oracle's flagship AI conference returns to The Venetian in Las Vegas for four days of keynotes from co-CEOs Mike Sicilia and Clay Magouyrk, product demos and training.